Discussions Between Fieldbus Foundation and HART Communication Foundation Make Significant Progress Towards Potential Merger
HANNOVER, Germany, April 7, 2014 — The Fieldbus Foundation, conducting a press briefing at the 2014 Hannover Messe, today announced significant progress in its discussions with the HART Communication Foundation on the potential for merging the two organisations into a single industry foundation dedicated to the needs of intelligent device communications in the world of process automation.
Following the signing of a memorandum of understanding on September 25, 2013, study teams representing both organisations have been investigating the implications of a merger in terms of: the potential benefits to both end users and suppliers, the organisations themselves, and extensive and often common membership; the possible structures that a combined organisation could take and how it would be integrated; and the exploratory work with regard to due diligence in the financial and legal aspects.
Preliminary evaluations support the combining of the two organisations and confirm that many synergies already exist.
The Fieldbus Foundation and HART Communication Foundation have worked extensively together in the past and have a long history of cooperation. For example, the two organisations worked together on the development of common international standards such as Electronic Device Description Language (EDDL) and, most recently, the development of the Field Device Integration (FDI) specification. The merger offers significant potential to harmonise many aspects of the two protocols, making it easier for end users and suppliers to implement the technology and obtain the full benefits of each technology in plant operations and maintenance.
In particular, the harmonisation of the test and registration processes and procedures and the simplified and single access to a shared IP portfolio, would streamline product development, increase efficiencies, and reduce the suppliers’ cost to market.
The chairmen of the two organisations—Dr. Gunther Kegel of the Fieldbus Foundation and Mr. Mark Schumacher of the HART Communication Foundation—issued the following statement on behalf of their Boards of Directors:
“As we move forward with the evaluations, we are increasingly confident that a single organisation will offer significant benefits on all levels. End users would receive the combined power of the two complementary technologies providing a full solution that addresses every conceivable aspect of field communications and intelligent device management for the process industries. For suppliers, a single organisation would create efficiencies in resource utilisation, consistency of processes and procedures, and would deliver significant improvements in member services and support.”
Endorsed by the presidents of the two organisations, Richard J. Timoney of the Fieldbus Foundation and Ted Masters of the HART Communication Foundation, added: “As the study teams conclude their evaluations and due diligence considerations, they will present each board of directors with a report and recommendation. The boards then vote individually whether to proceed or not. Only if both boards vote to proceed will the proposal be put to the member vote in each organisation.”
They continued, “A final decision to merge the two organisations will be the result of a thorough and sound analysis and will represent a major step forward in the evolution of intelligent devices and the world of industrial communications. We look forward to concluding the study phase and eagerly await the outcome of the recommendations”
For more information, download our Frequently Asked Questions document, or contact the Fieldbus Foundation at +1 512.794.8890 or email@example.com.
PHOTOS: Check out some photos from the Field Communication Lounge and the 20th Anniversary Press Conference given by President & CEO of the Fieldbus Foundation, Rich Timoney. Click HERE.
About HART Communication Foundation
The HART Communication Foundation is the technology owner and standards organisation for the HART Communication Protocol. Founded in 1993, the Foundation is an independent, not-for-profit, membership organisation providing support for the HART Communication technology and standards worldwide. The Foundation is supported by a global membership of more than 285 companies. For more information, visit their web site at www.hartcomm.org.
About the Fieldbus Foundation
The Fieldbus Foundation is a global not-for-profit corporation consisting of leading process end users and automation companies. Within the Fieldbus Foundation, end users, manufacturers, universities and research organisations work together to develop an automation infrastructure that allows you to view your process in high definition; manage information effectively; and optimise people, processes and technology. For more information, visit their web site at www.fieldbus.org.